THE BIG PICTURE NEWS
Why Would Silicon Valley be Ground Zero for Banking Centralization? Part 2 – “Contagion? I’ll keep saying it: The Plandemonium is about money, not a virus—not even a vaccine. The global economy is the real crown jewel of crime. That’s why this is World War E, which is in turn why the psychological warfare dial is turned to “overload”. As such, it should be the default to assume that the War Rooms are staffed with people who have some understanding as to what is taking place, and how it will play out. Keep that in mind.” – Mathew Crawford – PART ONE WAS LINKED YESTERDAY IN THE ECONOMIC NEWS, BUT IN REALITY IT IS MORE OF THE BIGGER PICTURE. A GOOD READ!!!!!!!!
NEWS
Money Troubles – “Money is all theoretical… until it’s not. The rot was plain to see in the banking architecture built on US treasury paper (bills, notes, bonds) as rising interest rates undercut the price of all the debt paper issued previously at lower rates. And this was the collateral that banks generally held the depositor’s money in. So, when it became necessary to declare a problem with the balance sheet, and cash had to be raised to cover it, the treasury paper could only be sold at a loss, liabilities exceeded assets, word got out, depositors rushed to secure the money in their accounts, and that was all she wrote for yon bank, in this case, Silicon Valley Bank, the first to crumble. Since banks today exist in a vast matrix of interconnected obligations — promises to pay this-and-that — fear grows that the rot from one bank, such as SVB, will infect many other banks that are no longer able to keep their promises about paying this-and-that, leading to a daisy-chain of things not getting paid. For an economy, that’s about the same as the blood ceasing to circulate in a body. You may have noticed that the value of your money has been slip-sliding away the past year or so. Peanut butter at five bucks a jar, and all. The situation at hand kind of guarantees that we’ll be seeing a whole ole lot more of that. And then the gods of money will have lost control of the interest rate console altogether. ” – James Howard Kunstler – FIGURED MR. KUNSTLER WOULD BE WEIGHING IN ON THIS. NOT SURE WHERE HE’S BUYING HIS PEANUT BUTTER, BUT IT’S DEFINITELY MORE THAN $5 A JAR FOR THE AVERAGE SIZE!!!!!!!!!!!!!!
Biden Insists “The Banking System Is Safe” – Tyler Durden – THAT A BOY. JOE. YOU TELL THEM!!!!!!!!!!!!!!!!!!!
Can The Federal Reserve Stop The Avalanche Of Bank Runs That Has Already Begun? – Michael Snyder
The Unconstitutional Tax on “Unrealized Capital Gains” – Phillip W. Magness
The Iranian-Saudi Rapprochement Will Deal A Deathblow To The Dollar – Andrew Korybko
ECONOMIC NEWS ( LOTS TO DIGEST TODAY AS I KNEW THERE WOULD BE. TAKE THE TIME TO READ A LOT OF THESE! )
Deutsche Bank AG STOCK QUOTE –10.29EUR
SURVIVAL, PREPAREDNESS AND SELF-SUFFICIENCY NEWS
Essential Survival Know-Hows Modern People Have Forgotten – Kyle B
6 Essential Blacksmithing Tools to Get You Started – “This age-old craft has seen a remarkable resurgence in recent years and is an excellent homesteading skill to have.” – Catherine Winter – LINKED AN ARTICLE YESTERDAY ON BLACKSMITHING. HERE’S ANOTHER ONE!!!
Get 10 MORE Years! Out of Your Compost Bays! (VIDEO) – Self Sufficient Me – INFO ON A 3 BAY SYSTEM!!!!
VERSES FOR THE DAY
Genesis 47:15-16 And when money failed in the land of Egypt, and in the land of Canaan, all the Egyptians came unto Joseph, and said, Give us bread: for why should we die in thy presence? for the money faileth. And Joseph said, Give your cattle; and I will give you for your cattle, if money fail.
IMAGE FOR THE DAY
